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Compassionate Allowances Mean Faster Decisions For Disabled People

2018-11-22T09:05:32-05:00

In April, Social Security announced 52 new Compassionate Allowances conditions to the growing list of severe medical conditions that qualify for expedited medical decisions. The new conditions include many neurological disorders, cancers, and rare diseases. See List Here: www.socialsecurity.gov/compassionateallowances. The Compassionate Allowances initiative is a way of quickly identifying diseases and other medical conditions that invariably qualify as “disabled” based on minimal medical information. Compassionate Allowances allow Social Security to quickly identify the most obviously disabled individuals for allowances based on objective medical information that we can obtain quickly. The announcement of 52 new conditions, effective in August, will increase the [...]

Compassionate Allowances Mean Faster Decisions For Disabled People2018-11-22T09:05:32-05:00

Social Security Fund – Is It Stable?

2019-10-13T11:45:32-05:00

Opening Statement of Social Security Subcommittee Ranking Member Xavier Becerra Social Security Subcommittee Hearing on Annual Social Security Trustees Report Committee on Ways and Means Lee Ann Torrans Veterans Benefits Attorney McKinney, Texas Between 2007 and 2010, Social Security added $439 billion to its Trust Fund surplus, while paying Americans their earned benefits on time and in full. Between 2007 and 2010, a typical middle-class American family lost between $26,000 and $87,000 in net worth - about 40 percent of their assets and savings. Over 77 years and now through 13 recessions, Social Security has not added one penny [...]

Social Security Fund – Is It Stable?2019-10-13T11:45:32-05:00

Social Security Strategies: Lee Ann Torrans

2019-10-13T11:45:32-05:00

Social Security Strategies come in all forms and shapes! Social Security Strategies Come in All Shapes and Forms! Lee Ann Torrans Social Security benefits may be claimed as early as the beneficiary reaches 66.   To draw at 66 rather than at age 66 means the benefits will be reduced by an amount of 32%.  The decision to initiate your Social Security income stream at the earlier age means you may elect to place the income into an irrevocable life-insurance trust.   This trust could be dedicated to charitable gifts, an asset to designated heirs or a fund to [...]

Social Security Strategies: Lee Ann Torrans2019-10-13T11:45:32-05:00

Social Security Strategy for Unmarried Parties

2019-10-13T11:45:32-05:00

Lee Ann Torrans Social Security Strategies Single, unmarried people have much less flexibility than married individuals in terms of Social Security benefits.  Deferring taking their benefits for as long as possible is their best option.  Taking benefits at 62 can compromise long-term retirement security. Nine out of 10 Americans aged 65 or older receive Social Security.  Roughly 22 percent of married couples and 43 percent of unmarried people rely on Social Security for 90 percent or more of their income. The Social Security Administration in 2011 provided benefits totaling $727 billion to about 55 million Americans. Retired workers received [...]

Social Security Strategy for Unmarried Parties2019-10-13T11:45:32-05:00

Social Security Strategy for Married Individuals

2019-10-13T11:45:33-05:00

 Social Security Strategy for Married Individuals Lee Ann Torrans Social Security Strategies You can begin to collect benefits at age 62. A survey by the Transamerica Center for Retirement Studies found that 21 million Americans are expecting to rely on Social Security as their sole source of retirement income, which is more than 27 percent of the total U.S. working population. The earliest a person can begin taking Social Security payments is age 62, but delaying until age 70, when benefits reach the maximum payoff, will increase the monthly payment by eight percent. Spouses with a comparable income and [...]

Social Security Strategy for Married Individuals2019-10-13T11:45:33-05:00

SSI, SSD and RFC: Alphabet Soup with Significance

2019-10-13T11:45:33-05:00

Social Security Disability in McKinney Texas RFC and Medical Records for SSI and SSD There are two disability programs: Supplemental Security Income (SSI) and Social Security Disability Insurance (SSDI).  Medical coverage is provided by both for disabled persons.  SSI applicants must demonstrate little or no financial resources.  SSDI applicants must demonstrate a work history and have paid into Social Security. The Social Security administration itemizes impairments for which benefits may be received. The RFC The Residual Functional Capacity (RFC) is used by the Social Security Administration in order determine a combination of impairments which may disable the client to [...]

SSI, SSD and RFC: Alphabet Soup with Significance2019-10-13T11:45:33-05:00

Medicare 24 Month Wait

2019-10-13T11:45:34-05:00

Lee Ann Torrans Social Security Disability Appeal Social Security Disability Social Security Disability Insurance through the Social Security Administration typically includes Medicare benefits after at 24 month waiting period.  This test is stringent and rigid.  Many people have died waiting in the 24 month period.  Approach this reality with a full understanding of what you are up against. Lee Ann Torrans Looks at SSDI and the 24 Month Waiting Period If approved for SSDI, you will be awarded Medicare. The 24-month waiting period from the time SSDI benefits begin until Medicare benefits begin. Most people living with an illness [...]

Medicare 24 Month Wait2019-10-13T11:45:34-05:00